Amadeus relishes positive 2014 results

Amadeus IT Holding noted a 9.9% increase in its adjusted profit to €681.1 million, according to its year-on-year financial and operating results for the full year of 2014.

Luis Maroto, president & CEO of Amadeus.

This was backed by an increase in revenue of 10.1%, to €3,417.7 million, and EBITDA growth of 9.9%, to €1,306.0 million.

Luis Maroto, president & CEO of Amadeus said the results “clearly indicate that we remain a trusted partner at the heart of the travel industry”.

“Our core businesses continued to showcase strength, with market share gains in distribution especially in North America and Asia-Pacific,” he continued.

“Our long-term commitment to low-cost and hybrid carriers gained further momentum, with a 16% booking increase year-on-year and a landmark partnership with Ryanair.”

Asia-Pacific continued to be the main driver of growth for IT solutions, supported by the migration of Korean Air later in the year.

“This will expand further with the scheduled migration of a number of Asian carriers in the coming years, such as Japan Airlines and the international passengers business of All Nippon Airways,” asserted Maroto.

“Our continued efforts and focus on North America led to the ground-breaking Southwest Airlines domestic contract.

“We now expect annual contracted PBs of close to one billion by 2017, an increase of 44% over 2014.”

He went on to say he was confident that in 2015 “our people, our technology and the strength and resilience of our business model will allow us to make further progress and we expect continued growth for our core businesses”.